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Dec 10, 2012 4:00am EST
, canada has given china's state-run energy firm cnoc the okay to buy nexen. >> some are calling this pivot towards china after a lot of back and forth. ottawa over the weekend approved china's largest foreign takeover ever. cnooc has been given the green light to acquire canadian energy company nexen for $15.1 billion. now, the cnooc deal is the one getting all the attention. here is why. it would give a huge china eeps state run enterprise a firm foothold in canada's oil sands. third only behind saudi arabia and venezuela. it was not an easy decision for the prime minister and his conservatives. he had to walk a fine line, appearing open to investments and diversifying canadian energy exports away from the u.s. but not appear to go be giving china control of northern albert ya's oil sands. so he will allowing the deal, but harper says this is not a garage sale and he will not give an approval the next time to foreign state observed enterprises. >> a series of large scale, controlling transactions by foreign state-owned companies could rap idealy transform this industry from one that is es
Dec 7, 2012 4:00am EST
. aaron, nhk is reporting a one meter high tsunami wave. what are the nuclear authorities and energy authorities saying right now? >> we just reported that, that's right, that's coming off nhk. what we're hearing from all the nuclear operators, that all northeastern stations are operating normally or all shut down actually. nuclear power says there is it no spike in radiation levels. and the one so badly damaged last year, there's been no changes with the cooling system and no irregularities inside the reactors. and the station nearby, a similar story. and that extends to the other stations up the coast. >> reuters is now quoting saying tokyo electric power has ordered workers to evacuate the fukushima nuclear plant. would that be a standard procedure or not? >> we're checking in with them. my guess would be a precaution. because there is a tsunami warning out. but it would be nothing of the magnitude of last year's tsunami and i doubt that it would affect the plant. having visited the plant myself. >> and we know the damage that happened last year. how has that left the -- how has i
Dec 12, 2012 4:00am EST
at the hotel that you have question marks about the energy security story in the states. >> you know, that's right. i think we are seeing supplies go up. north america, united states, canada, mexico, they've seen significant growth in oil supplies. this year one of the few areas, next year, for a few years to come. is it something that it creates supplies to flood the world's market? no. it's going to create supplies that the world market needs. if you think about the low level of automotive transportation, penetration and emerging markets, again, this longer term story, you'll add more oil coming out of the u.s. you get more demand coming. we're going to need every barrel. >> reporter: where is the price going in 2013? >> i think we'll be higher for brent, quite a bit higher for wti. and that's because we're going to see the narrowing of that brent/wti spread as the seaway pipeline comes on line. and those barrels start flowing at a cushion to the gulf. >> reporter: one last question. the fiscal cliff, we talk about it, historical, dollar down, commodities up. i see less bang for the buck
Search Results 0 to 2 of about 3